Ebright Bank’s credit cards can exceed the limit. According to the relevant regulations of the central bank, each bank can control the maximum limit of credit card consumption to 110 of the original limit.

Example: A credit card with a credit limit of 10,000 yuan, then this credit card may be able to directly use the card to spend up to 11,000 yuan. For the 1,000 yuan that exceeds the credit limit, the bank can charge a certain percentage over-limit fee. The amount charged for credit card over-limit fees is usually 5% of the amount exceeding the credit limit. The minimum over-limit fee for RMB accounts is 10 yuan and the maximum is 200 yuan.

After applying for a temporary limit, you must first repay the portion that exceeds the original fixed limit. Because the temporary limit is not included in the minimum repayment amount, you cannot only repay 10% of the total amount, otherwise it will cause a lot of problems. Cardholders need to pay special attention to the high interest rates.

Extended information:

Bank credit cards that cannot exceed the limit:

China Merchants Bank credit card cannot make purchases beyond the credit limit. Therefore, there is no over-limit fee for China Merchants Credit Card.

When the fixed quota cannot meet consumption needs, you can apply for a temporary quota from China Merchants Bank, which will take effect immediately after approval. The temporary quota is valid for a certain period of time, and will automatically revert to the original quota after the period is exceeded. After the temporary limit expires, the used temporary limit (the portion exceeding the fixed limit) does not enjoy the revolving credit facility and will be included in the minimum payment amount of the latest bill and must be paid off in one lump sum on the due payment date.

The credit limit consists of a fixed limit and a temporary limit: the fixed limit is approved by China Merchants Bank; the temporary limit is temporarily applied by the cardholder to China Merchants Bank as needed. All credit cards (including supplementary cards) under the name of the principal cardholder enjoy the same fixed limit, and the credit limits for multiple cards will not be accumulated.

China Merchants Bank will increase the fixed limit from time to time for cardholders with good card usage records. Cardholders can also apply to increase the fixed limit on their own, and China Merchants Bank will review their card usage such as consumption and repayment to determine whether to increase the fixed limit.

Baidu Encyclopedia - Credit card over-limit fee

Baidu Encyclopedia - Credit card limit

China Merchants Bank - Credit limit